Zcash (ZEC) Trading 9.6% Lower This Week

Zcash (CURRENCY:ZEC) traded down 6% against the US dollar during the 1 day period ending at 23:00 PM ET on May 22nd. During the last week, Zcash has traded 9.6% lower against the US dollar. One Zcash coin can currently be purchased for $70.26 or 0.00919275 BTC on popular exchanges including Gemini, Poloniex, GOPAX and Coinrail. Zcash has a total market cap of $463.15 million and $430.21 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Bitcoin Gold (BTG) traded down 6.5% against the dollar and now trades at $23.44 or 0.00306625 BTC.
  • Horizen (ZEN) traded down 3.7% against the dollar and now trades at $11.41 or 0.00149262 BTC.
  • ZClassic (ZCL) traded down 8.9% against the dollar and now trades at $1.77 or 0.00023182 BTC.
  • CrypticCoin (CRYP) traded 5.8% lower against the dollar and now trades at $0.0015 or 0.00000019 BTC.
  • Bitcoin Private (BTCP) traded down 19.2% against the dollar and now trades at $0.35 or 0.00004624 BTC.
  • Bitcoin Interest (BCI) traded down 8.2% against the dollar and now trades at $0.0802 or 0.00001049 BTC.
  • BitcoinZ (BTCZ) traded 4.5% lower against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Zero (ZER) traded down 22.8% against the dollar and now trades at $0.0687 or 0.00000899 BTC.
  • Hush (HUSH) traded down 4.9% against the dollar and now trades at $0.0680 or 0.00000890 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 6,591,756 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash is z.cash. The official message board for Zcash is forum.z.cash.

According to CryptoCompare, “zk-SNARKsThe BasicZcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs. The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. “Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.   Application to ZCASHIn order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations. “

Zcash Coin Trading

Zcash can be traded on the following cryptocurrency exchanges: Bitinka, WEX, BiteBTC, Ovis, LocalTrade, OKEx, Instant Bitex, Poloniex, Graviex, LBank, Huobi, Waves Decentralized Exchange, Cryptohub, Binance, Gemini, CoinExchange, BitBay, Mercatox, Bitfinex, C2CX, Altcoin Trader, Kuna, Coinroom, Coinut, CoinEx, Bithumb, Braziliex, Sistemkoin, HitBTC, Gate.io, Trade Satoshi, Coinrail, OTCBTC, Exmo, GOPAX, BTC Trade UA, Bittrex, CEX.IO, Liquid, YoBit, Cryptomate, BigONE, Crex24, BCEX, Upbit, Cryptopia, LiteBit.eu, Bitlish, Tux Exchange, Allcoin, BX Thailand, Bit-Z, Kraken and BTC-Alpha. It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

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